Bunge Global SA (NYSE:BG) Position Cut by apricus wealth LLC

apricus wealth LLC trimmed its holdings in Bunge Global SA (NYSE:BG) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,037 shares of the basic materials company’s stock after selling 1,270 shares during the quarter. apricus wealth LLC’s holdings in Bunge Global were worth $1,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its holdings in Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares in the last quarter. Geode Capital Management LLC lifted its position in Bunge Global by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock worth $329,697,000 after purchasing an additional 45,159 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Bunge Global by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock worth $139,608,000 after purchasing an additional 50,615 shares during the period. AQR Capital Management LLC lifted its position in Bunge Global by 23.4% in the second quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock worth $103,576,000 after purchasing an additional 184,245 shares during the period. Finally, Millennium Management LLC lifted its position in Bunge Global by 12,617.1% in the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock worth $94,557,000 after purchasing an additional 878,653 shares during the period. 86.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BG shares. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $115.00 to $95.00 in a research report on Tuesday. Stephens upgraded Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.33.

Bunge Global Price Performance

Shares of NYSE:BG opened at $77.16 on Friday. Bunge Global SA has a one year low of $75.75 and a one year high of $114.92. The stock has a fifty day moving average of $82.22 and a 200-day moving average of $92.41. The company has a market capitalization of $10.77 billion, a PE ratio of 9.77 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

Bunge Global Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.